Financial Literacy Practice

Financial Literacy Practice

4th Grade

6 Qs

quiz-placeholder

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Financial Literacy Practice

Financial Literacy Practice

Assessment

Quiz

Mathematics

4th Grade

Medium

Created by

N Lowery

Used 6+ times

FREE Resource

6 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Media Image

Maryanne made her famous chocolate chip cookies for a bake sale. Several customers wanted to place orders for more cookies. Maryanne purchased the ingredients needed for additional cookies. She made this table to show the coast for each batch of 5 dozen cookies. Maryanne hired her sister Lillian to help her bake cookies.

Did you read this????

YES

Don't pick me!

You need to read the tables!!!!

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Media Image

Which shows Maryanne's cost and profit for 1 dozen cookies?

Cost: $10

Profit: $8

Cost: $6

Profit: $2

Cost: $2

Profit: $10

Cost: $2

Profit: $6

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

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Maryanne's sells 3 dozen chocolate chip cookies. What is her total profit?

$18

$12

$24

$20

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Media Image

If Maryanne's cookie business is successful, which of these could be a variable expense?

The amount she pays for electricity

The cost of the ingredients

The amount she pays her sister

All the above expenses

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Media Image

How many dozen cookies does Maryanne need to sell in order to make a profit of at least $25?

3 Dozen

4 Dozen

5 Dozen

6 Dozen

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Media Image

Cookies sales have been slow for several weeks, so Maryanne decides to reduce the price of the cookies. Which of the following statements is true?

The reduced selling price of the cookies means that Maryanne will pay less for ingredients.

The reduced selling price of the cookies means that Maryanne can reduce Lillian's pay.

The reduced selling price of the cookies, will likely affect Maryanne's expenses, but will not affect her profit.

The reduced selling price of the cookies will not affect Maryanne's expenses, but will likely affect her profit.